Terms and conditions:
The Homeseller Line of Credit Program offers Homesellers the opportunity to make cosmetic updates to their homes within a $1,000 budget. This program was created by Homelis Realty and its sole purpose is to help Homesellers maximize the return on their investment. Therefore, it has nothing to do with the State of Florida or its Government so please contact Homelis Realty for more details.
The Homeseller Line of Credit Program can only be provided to Homesellers with equity in their homes. Once you opt in to the program, you will have the ability to use only a fraction of the line of credit up to the $1,000. The Homeseller may choose to work with any affordable contractor company or have Homelis Realty choose the contractor companies for the renovation services. Please be advised that in all cases, the decision to hire a contractor company must be approved by both the Homeseller and Homelis Realty. Such matters must be settled prior to making payments, which will be covered by Homelis Realty. This is a full transparency agreement, as such, Homelis Realty is committed to keeping a paper trail -Receipts, estimates, renovations, etc. of all transactions affiliated with your account. As part of this agreement, the Homeseller must hire Homelis Realty to represent their Real Estate needs of up to a minimum of 1 year in order to utilize the Homeseller Line of Credit Program. We’re the first real estate company to invest in the Homeseller.
In all cases the Homeseller Line of Credit Program must be paid back in full whether the property sells. If sold within the agreed time frame, the line of credit will be collected on or before the day of closing. Homeseller can payback theLine of Credit using a Cashier’s check, Money Order or Cash. Homeseller Line of Credit is not part of the real estate transaction between the Homeseller(s) and Buyer(s). The Homeseller Line of Credit does not cover roof replacement, a/c replacement, or structural repairs. The Homeseller Line of Credit Program ONLY covers cosmetics repairs. Cosmetic means to enhancing the value of an house through “cosmetic” renovations. These types of improvements are, ostensibly, surface upgrades that address the appearance of a property, rather than structural changes as replacing or tearing down walls.
State taxes will be applied to the line of credit in accordance with the amount used by the Homeseller.
The Homeseller Line of Credit Program is a “stand alone” program and cannot partnered with other promotional products offered by Homelis Realty.
NOTICE: This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states/counties. This website is privately owned and has no official connection to the State of Florida.